New Tax Law Means Higher Section 179 Limits and Enhanced Bonus Depreciation
Thanks to the Tax Cuts and Jobs Act signed by President Trump in late December, business owners have more options — and more ways to save on taxes — when…
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How Will the New Tax Law Impact Your Paycheck?
The Tax Cuts and Jobs Act of 2017 brought sweeping changes to individual income tax. And with those changes, you might see changes to your take-home pay. We’ll take a…
How to Take Advantage of Portability and Shield $22 Million from Estate Tax Under the New Tax Law
For the next few years, estate planning will be easier, thanks to the increased exemption amounts under the tax reform signed into law last December. Starting in 2018, the estate…
Tax Cuts and Jobs Act Summary
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have…
Is Your S-Corporation Paying Reasonable Compensation?
No one likes to pay more in taxes than they have to. The desire to minimize taxes makes S-corporations a great choice for many small businesses. Like all pass-through entities,…
How to Calculate Safe Harbor Estimated Tax Payments
Do you have income from sources that don’t automatically withhold taxes? This might be income from investments, rentals, self-employment, or payments for services performed as a contractor. The IRS (and…